RentalMarket™

Category: Tax Advice For Landlords

Landlord Tax And National Insurance Responsibilities In 2023

When you rent out property you may have to pay tax. Running a property business You have to pay Class 2 National Insurance if your profits are more than £11,908 a year and what you do counts as running a business, for example if all the following apply: If your profits are under £6,725, you can make voluntary Class 2 National Insurance payments, for

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Who Pays The Council Tax – Landlord or Tenant?

The tenant is responsible for the council tax (unless you decide to include this in the rent) but this needs to be clearly stated in the tenancy agreement. If the property is standing empty, it is the landlord’s responsibility to pay.

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Capital Gains Tax For Landlords

Selling a property isn’t always as straightforward as hanging a ‘for sale’ sign in the garden and waiting for the money to come in. It often comes with a number of forms, negotiations and is subject to various costs and expenses, one of which is Capital Gains Tax. You don’t usually pay Capital Gains Tax when you sell your main

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Higher Corporation Tax Unlikely To Impact Limited Landlords

Limited company landlords are unlikely to change their ownership arrangements despite the chancellor’s move to raise corporation tax. The tax change from 19 to 25 per cent, announced in the Budget and due to take effect in 2023, will hit rental profits made by limited company landlords with larger portfolios of properties or those generating particularly big profits. Businesses with

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Limited Company Formation – Landlord Guidance

Those who buy to let are facing a triple whammy of additional financial pressures. We take a look at one of the possible solutions: incorporating your business. However, such a step isn’t without its drawbacks – so is it for you? The 3 per cent extra charge in stamp duty for additional properties (including buy-to-let) hasn’t been the worst thing to hit

Read More »

Category: Tax Advice For Landlords

Landlord Tax And National Insurance Responsibilities In 2023

When you rent out property you may have to pay tax. Running a property business You have to pay Class 2 National Insurance if your profits are more than £11,908 a year and what you do counts as running a business, for example if all the following apply: If your profits are under £6,725, you can make voluntary Class 2 National Insurance payments, for

Read More »

Who Pays The Council Tax – Landlord or Tenant?

The tenant is responsible for the council tax (unless you decide to include this in the rent) but this needs to be clearly stated in the tenancy agreement. If the property is standing empty, it is the landlord’s responsibility to pay.

Read More »

Capital Gains Tax For Landlords

Selling a property isn’t always as straightforward as hanging a ‘for sale’ sign in the garden and waiting for the money to come in. It often comes with a number of forms, negotiations and is subject to various costs and expenses, one of which is Capital Gains Tax. You don’t usually pay Capital Gains Tax when you sell your main

Read More »

Higher Corporation Tax Unlikely To Impact Limited Landlords

Limited company landlords are unlikely to change their ownership arrangements despite the chancellor’s move to raise corporation tax. The tax change from 19 to 25 per cent, announced in the Budget and due to take effect in 2023, will hit rental profits made by limited company landlords with larger portfolios of properties or those generating particularly big profits. Businesses with

Read More »

Limited Company Formation – Landlord Guidance

Those who buy to let are facing a triple whammy of additional financial pressures. We take a look at one of the possible solutions: incorporating your business. However, such a step isn’t without its drawbacks – so is it for you? The 3 per cent extra charge in stamp duty for additional properties (including buy-to-let) hasn’t been the worst thing to hit

Read More »